The Real Estate Market has Shifted

The Real Estate Market has Shifted

Nationally, and here in the Eastern Panhandle of WV, the Real Estate market has shifted. We have traveled through a long buyers market and now with a much lower inventory of homes for sale, we are entering a sellers market.

What does this mean for home buyers? First of all, it means that typically a buyer will not have the negotiating power that they had during the buyers market. Good homes that are priced reasonably sell quickly and many with multiple offers. This means that a buyer may have to give it their best shot with the first offer or miss out. This also means that buyers may have a harder time finding the right home in this market. With fewer homes to choose from, finding the perfect house is going to be more difficult. It is also important in this market for buyers to have all of their Ducks in order. Having a lender letter readily available to present with an offer is essential.

Last but certainly not least, it is essential that you have a strong professional Real Estate agent working for you. Without having a Trusted Advisor who knows your needs and wants and who can search the market for you, your chances of finding a great home at a good price are going to be tough in this market.

We find great homes for our buyers every day. Just because we are entering a sellers market does not mean that purchasing a home needs to be frustrating. A sellers market just means that if you are wanting to purchase a home, you need to be on top of things and have a strong agent who knows the market working for you!

If you have any questions, or just want a strong professional working for you...give me a call...I'm here to help!